SaaS Turnarounds
Anyone know of LMM/MM firms focused on buying up legacy SaaS or SaaS co's in need of a turnaround?
Anyone know of LMM/MM firms focused on buying up legacy SaaS or SaaS co's in need of a turnaround?
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Not super familiar with these names, but I believe Vector and STG do value-oriented SAAS deals which probably could probably include turnarounds.
Yeah I am familiar with Vector didn't think they touch turnaround.
Vector does turnaround.
Hasn't Clearlake done a couple of these?
There is a new fund called Bloom that I saw doing one of these. Happy to make an intro if you want.
My firm is also helping to operate and turn these around, www.firstprinciples.io but we don't have a fund yet.
I don't think they do turnaround? I know one of the founders and last I talked to him it seemed to be early stage venture + profitable SaaS buyout.
I had a look at their first deal, I'd describe it as distressed. 1X ARR and had no CEO for over a year.
I believe that's not the fund objective though, this might have been a one off.
Diversis
From what I've seen / heard, Diversis' legacy business was focused on finding distressed SaaS companies given their initial start as a fundless sponsor. With that being said, they've started moving upmarket with their recent fundraise as judged by some of their recent deals.
Could Primus fall into this category? I think they're not afraid to look at hairier opportunities.
Is starting an ecommerce business the best alternative to IB
What you mean by IB? What type of commerce specifically too
What you mean by IB? What type of commerce specifically too
I don’t think it’s “turnaround” in the sense you’re looking for, but Constellation’s whole thing is effectively taking smaller software businesses, stripping out growth spending, and running them for cash. More of a capital allocation turnaround (stopping companies investing in low/negative ROIC projects)
Marlin Equity to some extent
Marlin does this
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